News: Finance

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  • Ontario Seeking Public Input to Develop the 2017 Budget

    For the third year in a row, Ontario is launching Budget Talks, an online consultation tool that allows the public to help shape policies and programs that will be part of Ontario's future. 

    News Release | Finance

  • Help on the Way for First-time Homebuyers

    Ontario will help more people purchase their first home through a proposal to double the maximum Land Transfer Tax refund to $4,000 for eligible first-time homebuyers, as of January 1, 2017.

    News Release | Finance

  • Ontario Helping First-time Homebuyers

    Ontario will help more people purchase their first home through a proposal to double the maximum Land Transfer Tax refund for eligible first-time homebuyers to $4,000. The proposed increase is detailed in the 2016 Ontario Economic Outlook and Fiscal Review presented today by Finance Minister Charles Sousa. The increase would be effective January 1, 2017 and mean that eligible homebuyers in Ontario would pay no Land Transfer Tax on the first $368,000 of the cost of their first home.

    News Release | Finance

  • Ontario Nominates New OLG Board Chair

    Ontario has nominated George L. Cooke as the new Chair of the Ontario Lottery and Gaming Corporation (OLG). 

    News Release | Finance

  • Government of Ontario & Bedrock Industries Group Sign MOU to Facilitate Restructuring of U. S. Steel Canada Inc.

    The government of Ontario and Bedrock Industries Group (Bedrock) today announced that they have signed a Memorandum of Understanding (MOU) to facilitate the restructuring of U.S. Steel Canada Inc. (USSC), which remains in court-supervised creditor protection proceedings under the Companies' Creditors Arrangement Act (CCAA). The MOU is an important step toward the completion of a restructuring intended to protect jobs, the ongoing operations at USSC's Hamilton and Lake Erie facilities, pensions and post-employment benefits for active and retired USSC employees. In reaching this MOU, the province has worked closely with the court-appointed monitor and kept other stakeholders informed throughout the process.

    News Release | Finance

  • Ontario Selects First Grocers to Sell Wine

    Ontario has selected the first grocers that could sell both domestic and imported wine inside up to 70 grocery stores across the province, increasing convenience and choice for consumers. 

    News Release | Finance

  • Ontario Allocates $3.2 Billion for Infrastructure Projects

    Ontario has dedicated $3.2 billion from the sale of Hydro One shares in 2015 to the Trillium Trust, a fund for infrastructure projects that will help create jobs and strengthen the economy.

    News Release | Finance

  • Ontario Releases 2016-17 First Quarter Finances

    Today the Ontario government released the 2016-17 First Quarter Finances. The report confirms Ontario is on track to balance the budget next year, in 2017-18, which will also continue to lower the province's debt-to-GDP ratio.

    News Release | Finance

  • Ontario Nominates Bonnie Brooks as New LCBO Board Chair

    Charles Sousa, Minister of Finance, has nominated Bonnie Brooks as the new Chair of the Liquor Control Board of Ontario (LCBO). Subject to confirmation by the Lieutenant Governor in Council, the appointment would be effective August 28, 2016. 

    News Release | Finance

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